The strong demand for the use of eServices and promoting eGovernment initiatives, driving the evolution of a knowledge-based economy, Dubai Department of Economic Development (DED) introduced an online business licensing service for new and existing business. The initiative attracts even the potential investors. The service is a key initiative, expected to be a great value addition to businesses as it facilitates more convenient business registration enhancing ease of transactions. The range of eServices offered by DED include reserving and renewal of trade name, renewal of licenses, initial approval of licenses permits for most activities, and updating trade license data. The eServices also include Transaction Status whereby customers can check the status of the transaction by using a transaction number, license number or initial approval number; Search Trade Names enables users to reserve trade names or find out if the desired name is already taken; and Company Lookup helps to search for existing companies operating in Dubai and gain information on their contact details and business activities. Business owners must present a sealed lease contract authenticated by Dubai Real Estate Regulatory Authority to issue, renew or transfer the location of business licences, according to DED. It will ensure the validity of commercial contracts, as well as strengthen the relationship between investors and tenants.